Kirloskar Ferrous Industries Limited has received formal admission of its merger scheme petition by the National Company Law Tribunal (NCLT) Mumbai Bench, with the final hearing scheduled for May 15, 2026. The development follows comprehensive regulatory filings and compliance procedures for the merger by absorption of two wholly owned subsidiaries.

NCLT Order and Proceedings

The NCLT Mumbai Bench, comprising Hon'ble Member (Technical) Prabhat Kumar and Hon'ble Member (Judicial) Sushil Mahadeorao Kochhey, passed the admission order on April 9, 2026, after hearing the company petition on the same date. The order was uploaded on the tribunal's website on April 16, 2026. The case is registered as Company Petition No. CP (CAA)/46/MB/2026 connected with Company Application No. CA (CAA)/23/MB/2026.

Merger Scheme Structure

The scheme involves the merger by absorption of Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited with Kirloskar Ferrous Industries Limited as the transferee company. All three companies share the same registered office address at One Avante, Karve Road, Kothrud, Pune, Maharashtra 411038. The merger is being pursued under Sections 230-232 of the Companies Act, 2013, with Pioneer Legal serving as advocates for the petitioner companies.

Regulatory Compliance Requirements

The NCLT order mandates several compliance requirements before the final hearing. The tribunal has directed the issuance of notices to statutory and regulatory authorities under Section 230(5) of the Companies Act, 2013, including the Central Government, Income Tax authorities, Reserve Bank of India, Securities and Exchange Board of India, and Competition Commission of India. These authorities have 30 days from receipt of notice to submit representations.

Parent Company Updates

Kirloskar Industries Limited informed BSE and NSE on April 17, 2026, about updates from its material subsidiary, Kirloskar Ferrous Industries Limited. The intimation was filed by Company Secretary Ashwini Mali, referencing BSE Scrip Code 500243 and NSE Scrip Code KIRLOSIND. Separately, Kirloskar Ferrous Industries Limited submitted compliance notices to BSE on April 17, 2026, through Company Secretary Mayuresh Gharpure, with BSE Scrip Code 500245.

The merger scheme represents a consolidation of wholly owned subsidiaries within the Kirloskar Ferrous Industries group structure, subject to final NCLT approval following the May 15, 2026 hearing.

Kirloskar Industries Limited has notified stock exchanges about a regulatory update from its material subsidiary Kirloskar Ferrous Industries Limited (KFIL) regarding a special window for transfer and dematerialisation of physical securities. The communication, dated 16 April 2026, was filed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Special Window Details

KFIL has established a special window following SEBI Circular No. HO/38/13/11(2)2026-MIRSDPOD/1/3750/2026 dated 30 January 2026. The window facilitates transfer and dematerialisation of physical securities that were sold or purchased prior to 1 April 2019.

Transfer Conditions and Restrictions

The special window includes specific conditions for eligible shareholders. Shares transferred during this period will be credited exclusively in dematerialised form and subject to regulatory restrictions.

Eligible Requests and Documentation

The window accommodates various types of transfer requests, including those previously submitted but not processed due to documentation deficiencies. Eligible shareholders can submit requests with requisite documents to the company or its registrar and transfer agent.

Eligible transfer requests include:

• New applications for securities sold/purchased before 1 April 2019
• Previously rejected or returned requests due to document deficiencies
• Unattended requests from earlier submissions

Publication and Contact Information

KFIL published the second notice in newspapers on 16 April 2026, ensuring wide dissemination to shareholders. The notice appeared in Financial Express (English) across all India editions and Loksatta (Marathi) in the Pune edition.

The SEBI circular and related documentation are available on KFIL's website at the investors section for shareholder reference and detailed procedural guidance.